Filipino Monetary Easing
March 19, 2020
At Bangko Sentral ng Pilipinas, the policy interest rate of the Philippines was cut to 3.25% today from 3.75%. That increment of reduction doubles the previous easing done in February and brings the total cut since May 2019 to 125 basis points. Inflation is firmly anchored within the central bank target of 2-4% according to a released statement, and price risks are skewed to the downside.
Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
ShareThis
